Wednesday, March 19, 2008

12 Things That Cost More Than Bear Stearns

What is value? From Valleywag, a list of 12 things that are more expensive than Bear Stearns:

Late Sunday night, JP Morgan Chase agreed to buy cash-strapped investment bank Bear Stearns for $2 a share, or $236 million. Last week, the company was valued at more than $14 billion. This is one of the swiftest corporate falls in history. But just how bad was it? Here's a list of things that cost more than the century-old Bear Stearns.
  • The latest winning Powerball jackpot: $275 million

  • The salaries of the six cheapest Major League Baseball teams: $242.9 million

  • Microsoft's investment in Facebook: $240 million

  • The Houston Texans football team: $700 million

  • Tom Perkins's 289.1' sailing yacht Maltese Falcon: up to $300 million

  • Russian billionaire Roman Abramovich's forthcoming 482.6' motor yacht, the Eclipse: $300 million

  • David Beckham's contract with the Los Angeles Galaxy: $250 million

  • IM startup Meebo's desired valuation: $250 million

  • Alex Rodriguez's contract with the New York Yankees: $275 million

  • A brand new Airbus A380: $319 million

  • The most expensive building ever sold -- 666 Fifth Avenue, New York City: $1.8 billion

  • The divorce settlement Heather Mills wanted from Paul McCartney: $250 million

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